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$420K
$67,139
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Try Picki for FREEConfidence
Medium
High
$460,000
Medium
$420,000
Low
$380,000
Confidence
Not Applicable
Experience the tranquility of rural living with this expansive 23,945 sqm (5.91 acres) parcel of land, situated in the peaceful town of Drummond. Immerse yourself in nature with local wildlife and flora in the lightly wooded surroundings. The property features a large cleared area, ideal for building your dream home, with an approved planning permit for a 2-bedroom house. Enjoy the serene environment just 15-20 minutes from Daylesford, renowned for its community facilities, shops, and spas. Power is available on the street, and a shed is present on-site. This location offers an escape from city life while being just over an hour from Melbourne.
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91.2%
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-
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Try Picki for FREE$30,000
-$7,839
4.7%
Asking Price
$420,000
Estimated Purchase Price
$390,000
Stamp Duty
$18,470
Transfer Fee
$1,018
Conveyancing
$1,196
Deposit (10%)
$39,000
Reg. Mortgage
$129
LMI Premium
$8,621
Renovation Costs
-
Total Cash/Equity Required
$68,984
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,566
$2,043
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$11,968
$17,606
Interest Repayments
$23,166
$23,166
Net Cashflow Before Tax
-$11,198
-$5,560
Depreciation
-
-
Tax Offset
-$3,360
-$1,668
Net Cashflow After Tax
-$7,839
-$3,892
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$351,000
$351,000
$97,560
$459,890
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
